Examine the companies making the most impact during the midday session. SolarEdge Technologies experienced a 19 percent plunge after announcing $991 million in revenue, missing analysts' expectations of $992 million, according to Refinitiv. The company also supplied disappointing third-quarter revenue forecasts. CVS Health rose 4 percent after reporting second-quarter earnings of $2.21 per share on revenue of $88.9 billion, surpassing Wall Street analysts' predicted $2.11 per share on earnings of $86.5 billion, according to Refinitiv.Shares of Norwegian Cruise Line tumbled 3.2 percent following the release of its weak guidance for the third quarter, although its second-quarter earnings exceeded analysts' estimates. Susquehanna downgraded Norwegian's stock to neutral from positive, citing the belief that securing a pre-pandemic EBITDA margin will require time.Emerson Electric vaulted 4 percent after revealing a beat on both earnings and revenue for its fiscal third quarter. The company produced adjusted earnings per share of $1.29, outshining the $1.10 predicted by StreetAccount. Revenue was $3.95 billion, compared to the $3.88 billion expected by Wall Street.Pinterest's shares declined 4.9 percent even though the social media platform exceeded expectations in revenue for the second quarter. Pinterest earned $708 million, compared to the FactSet consensus of $696.4 million. Nevertheless, its third-quarter revenue growth forecast was short of expectations.Starbucks surged 2.6 percent as a result of its third-quarter earnings report. Starbucks posted adjusted earnings per share of $1, outdoing the 95 cents analysts anticipated, according to Refinitiv. The coffee giant's sales came just under expectations at $9.17 billion in comparison to the forecasted $9.39 billion.Shares of Advanced Micro Devices tumbled 7.4 percent upon the release of its second-quarter earnings Tuesday after the closing bell. The company disclosed better-than-anticipated earnings for the prior quarter, but its forecast for the third quarter was worse than analysts' predictions due to the weak PC market. Several Wall Street firms, including Bank of America and JPMorgan, declared that the company may be nearing the peak of its rally.Humana gained 6 percent after producing second-quarter adjusted earnings per share of $8.94, above the $8.76 expected by analysts, according to StreetAccount. The health insurer forecast its Medicare Advantage membership will climb by about 825,000 members in 2023.Generac's shares plunged 24 percent after the company printed a second-quarter earnings miss. Its adjusted earnings per share were recorded at $1.08, versus StreetAccount's anticipation of $1.16. It also lowered its forecast for residential product sales in the second half, citing a weaker consumer environment.Scotts Miracle-Gro experienced an 18 percent slide after the maker of consumer lawn, garden and pest control products released an earnings and revenue miss for its third quarter. Scotts also preannounced a larger-than-anticipated revenue decrease for the fiscal 2023 year.Freshworks saw its stock surge 19 percent after the software provider beat estimates on both earnings and revenue. Canaccord Genuity upgradethe stock to buy and lifted its price target to $25 from $15, signifying potential upside of 37 percent from Tuesday's close.Ahead of its quarterly results, Robinhood's stock declined more than 4 percent. Analysts expect a quarterly loss of 1 cent, as projected by StreetAccount.Paycom Software's shares sank 18.6 percent after the payroll provider underperformed on revenue guidance for the third quarter, although it exceeded expectations on earnings and revenue. Chinese tech stocks also droppedafter regulators in China proposed limits on smartphone use for minors. U.S.-listed shares of JD.com, Baidu, Alibaba and Tencent Music all declined by approximately 5 percent. — CNBC's Hakyung Kim, Pia Singh and Alex Harring coaxed reporting.
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